bepragmatic

@okaformidable Il arrive à se sublimer oui, on est d accord. Mais avoir de la constance, c est plus dur

@bonsensfarmer On peut dire ce qu’on veut mais Monteiro le peu d’apparition qu’il a fait avec la Nati c’était vraiment pas mal…

Comme vous l’attendez tous impatiemment (lol) voici ma liste des 26 joueurs sélectionnés pour la coupe du monde si j’étais Murat et qu’est ce que c’était dur à choisir ! Crevé cœur de ne pas y ajouter Amdouni, déçu aussi pour Britschgi et Sohm qui mérite aussi d’y aller

Budgets SFL: #ServetteFC entre surperformance sportive et fragilité open.substack.com/pub/migoudress…

@Blick_media 70 pct des doses payées pas utilisées... bravo les champions

Après le licenciement du coach de l'équipe de Suisse de hockey Patrick Fischer, le Covid est à nouveau sur toutes les lèvres. Dans une interview pour Blick, Anne Lévy, cheffe de l'OFSP, revient sur la polémique et sur les autres sujets sensibles liés... brnw.ch/21x1J8l

@NoLimitGains Huge CTA's buying will drift volume much higher. By next week.

Volume is declining as price rises. Nothing else needs to be said.

@NoLimitGains So software crash is a buying opportunity then?

🚨 IMPORTANT 🚨 The AI Repricing Is Coming. Most Won’t Survive It. Let me be direct: you’re late on AI stocks. We’re not at the start of a new tech cycle, we’re already deep inside it. Gartner officially put generative AI in the trough of disillusionment last year. The average enterprise spent $1.9 million on GenAI in 2025, and fewer than 30% of CEOs said they were satisfied with the ROI. That’s a BIG warning. Still, the market values these companies like every single one will win in the long run. Do the math. The total market cap of AI‑related public companies sits around $21 to $23 trillion. To justify that at a 10% annual return, they’d need roughly $2.2 trillion in annual profit. Their current combined net income is closer to $420 billion, and most of it isn’t even from AI. Investors are paying five times future profits that don’t exist, on a timeline nobody can model, in a sector where the unit economics are broken. OpenAI, probably the most important AI company out there, spends about $1.69 for every $1 it makes. It’s projecting $14 billion in losses this year and $115 billion in cumulative losses before reaching profitability in 2029. The company is raising $100 billion at a valuation near $830 billion. That’s more than the GDP of Argentina for a business still losing money at a WeWork pace. Meanwhile, hyperscalers are planning to pour $650 to $690 billion into AI capex this year. Amazon alone is spending $200 billion. The issue is simple: data centers commissioned in 2025 cost $40 billion a year in depreciation but generate only $15 to $20 billion in revenue at current utilization. That math doesn’t come close to working. In Deutsche Bank’s global markets survey, 57% of investors said an AI valuation crash is the biggest risk heading into 2026. One of their strategists put it bluntly: “AI and tech bubble risk towers over everything else.” This looks like the dot‑com era all over again, only with different letters. In 1999, adding “.com” to your name added billions in market cap overnight. Today, just mention “AI” on an earnings call and the same thing happens. The sentiment is identical. Morgan Stanley estimates retail investors have pushed about $700 billion into equities since January, five times faster than during the 2000 bubble. The dot‑com bust didn’t prove the internet was wrong. It proved that valuations matter, and that picking winners is almost impossible until reality resets expectations. Cisco peaked at $555 billion in 2000 and took two decades to recover. Amazon, trading for pennies in 2001, quietly became a $2 trillion company. That’s what I will be watching closely. When the repricing hits, it will be brutal. AI‑only names with no moat or revenue will get crushed. The ones pitching 70 times forward sales on numbers that don’t exist will go to zero. But what comes after is where the real upside lives. The survivors will be the companies with real ecosystems, sticky products, cash flow outside of AI, and the balance sheets to last. Think of the Amazons and Googles of this cycle. The infrastructure players that power the entire stack. When the dust settles and real monetization starts, those survivors won’t just be worth hundreds of billions. They’ll be measured in trillions. The technology is transformational, just not as fast or as universally as the market assumes. I’m not bearish on AI. I’m bearish on how certain people are about something that’s still uncertain. Be patient. Let the cycle do what it always does. The real move is knowing which stocks to own once everyone else gives up. When that time comes, I’ll tell you where I’m putting my capital. Many will wish they had followed me sooner.

@DanielVisentini Ce jour est tellement surévalué. Peut être le seul point faible de l équipe de France, sauf s il est barré par Saliba-Konate

Le naufrage d’Upamecano… Entre le raté devant la cage au début, le cadeau à Vinicius (qu’il ne saisit pas) et le placement désastreux sur le but de Mbappé…

@migoudresser Merci pour l analyse. Tout à fait en ligne

Servette-Luzern: solides, sérieux, sans frissons open.substack.com/pub/migoudress…

@okaformidable Yakin n est pas téméraire. Il laissera ses cadres vieillissants jusqu à la mort .

@bonsensfarmer J’ai bien aimé sa fin de match contre la Norvège et c’est vrai que je l’ai pas trouvé exceptionnel contre l’Allemagne, mais il a tellement prouvé pendant les qualifications et il continue de le faire à Freiburg pour moi c’est impossible de le laisser autant sur le banc

Mdrrrr le but de Manzambi contre le Bayern aujourd’hui, faudra se mettre à dix pour me calmer si à la Coupe du monde Murat continue de lui donner dix minutes de jeu par match

@schn_val Du Yakin tout craché. Donc pas de Athekame par contre....

Denis Zakaria est un joueur impérial dans l’axe de la défense à Monaco. Mais jouer latéral, ce sont des repères totalement différents, on n’agit pas dans les mêmes timings. Choix trop étonnant.

@ge_aure Ils me font rire les commentaires. Par je ne sais quel miracle, Amiens, une ville deux fois plus petite que Genève, que peu de personnes en Suisse savent situer sur la carte a réussi l'exploit de monter en D1, et d'y rester quelque temps. Et tout le monde déteste le gars?....

Vu les commentaires, tout le monde trouve que c’est une mauvaise idée…

𝗞𝗔𝗗𝗜𝗟𝗘 𝗔 𝗙𝗔𝗜𝗧 𝗥𝗘𝗡𝗔𝗜̂𝗧𝗥𝗘 𝗦𝗘𝗥𝗩𝗘𝗧𝗧𝗘 Junior Kadile est le symbole de la renaissance du Servette FC. Le coup de coeur de Steve Guillod, dans l'épisode 3 de Hors-Jeu, le nouveau podcast sur le football suisse. podcast.ausha.co/hors-jeu/episo…

@migoudresser Bien résumé

Servette-Grasshopper: un adversaire parfait open.substack.com/pub/migoudress…

@JC_ParetsX Dont forget that some defensive sectors are not immune to a rising interest rate environment. It can explain why there are underperforming. We need to ensure that high beta/value sector such as banks start to outperform.

@dampedspring Except if your name is Trichet

The supply shock move in Energy prices, fertilizer prices, and food prices IS a Rate hike which slows the economy and is disinflationary to goods and services that are not energy and food. A dual mandate central bank doesn't hike into a supply shock until wage inflation is anticipated to support non (food and energy) inflation

@pati_marins64 I start to doubt about your "expert" status....

American Weakening in the Middle East Should Increase Chinese Influence Recently, I discussed how the US was unable to ensure the security of the Gulf countries or even its own bases in the region. The latest satellite images confirm the extent of the damage to these bases, which have been continuously bombed. Upon realizing that the Iranian retaliation was much greater than expected, the Americans focused primarily on protecting Israel—a criticism voiced by authorities from the Gulf countries. With an Iran capable of confronting Israel and the United States together and still remaining standing, these countries are likely to maintain their security partnerships with the US but seek another partner that can provide them with security against Iran. It's worth remembering that these countries bet everything on the US-Israeli offensive, allowing the use of their bases and territory for launching rockets and missiles against Iran, but they lost the bet. The truth is, they're all scared of Iran's military power. For years, they've signed arms contracts at inflated prices not only with the US but also with the West in general. The small Kuwait even paid more than $310 million for each Eurofighter Typhoon, an absurdly inflated price. The UAE already has partnerships with the Chinese in various fields, from energy to the defense industry. Saudi Arabia, which had a partnership with Ukraine until 2022, flipped the switch and not only bought missiles and a series of Chinese armaments but also made the Chinese their main partner in the domestic missile program initiated by the kingdom. Other countries have smaller partnerships with the Chinese, but it's likely that these will grow, as the Saudis and Emiratis usually set the direction. The trend after the war is that these countries will deepen their ties with Beijing not just for weapons, but for the deterrent power they believe China can exert over Iran. Iran today is almost a lone wolf, with support from Russia, China, North Korea, and a few other friends. The Russians, due to their ties with both Israel and Iran, would be the best choice in this scenario, but with two wars in eight months, it's evident that Netanyahu doesn't listen to the Russians, at least on these issues. Even with the poorly planned war and multiple attacks on Gulf countries, they should maintain close relations with the US, but rely much more on the Chinese to maintain deterrence. But what role will the Chinese play in issues like the Iranian nuclear program, which is obviously rejected by all its neighbors? Among different actors, will the Chinese behave the same way they did with North Korea? This is certainly an unknown, but it could lead to even greater rapprochement between the Gulf countries and China, as China would be the last frontier in dissuading Iran from high-level uranium enrichment if the pace of the war is maintained. And watching the ongoing operation, we all doubt that it will be able to stop the Iranian program by force. The implications of this failed operation undermine decades of work done by the Americans.

@robincarrel On se positionne pour la journée mauvais goût. Médaille d or en ligne de mire, on y croit, on n était pas favori mais tout est possible en foot.

Il va quand même falloir qu'on nous explique.

@DanielVisentini @ServetteFC Ça sent bon l activation de la clause. En espérant qu il ne fasse pas un Ndoye 2.

Avant le ⁦@FCBasel1893⁩ - @ServetteFC de dimanche, on a rencontré Junior Kadile ⬇️ tdg.ch/servette-fc-qu…

@INArteCarloDoss Oversold, really? RSI is much higher than a real oversold market...

Great Depression x dotcom bubble x GFC ^ 1000